The global endoscopy equipment market is on track to reach $59.8 billion by 2029, growing at a CAGR of 5.8% from 2022 to 2029. Endoscopic procedures, known for their minimal invasiveness, are utilized to examine internal organs or tissues using specialized equipment. This includes endoscopes, video monitors, imaging devices, light sources, and various supporting tools.

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The endoscopy equipment market is projected to grow to $59.8 billion by 2029, with a CAGR of 5.8% from 2022 to 2029. Endoscopic procedures, characterized by their minimally invasive approach, involve examining internal organs or tissues using various tools. These procedures rely on endoscopes, video monitors, imaging devices, light sources, and other specialized equipment to ensure safety and efficacy.

Endoscopy devices are essential for specialists such as gynecologists, neurologists, gastroenterologists, nephrologists, hepatologists, cardiologists, and liver transplant surgeons. The market is expanding due to an increase in diseases requiring endoscopic procedures, ongoing technological advancements, and a shift toward minimally invasive treatments. Emerging economies are expected to significantly contribute to market growth.

The rise in endoscopic procedures is attributed to the increasing number of cases of conditions like cancer and gastrointestinal disorders. According to GLOBOCAN 2020, 1.14 million new cancer cases were recorded worldwide, fueling the demand for endoscopy. The Lancet Commission on Global Surgery notes that approximately 80% of cancer cases need surgical procedures, which further drives the market for endoscopic devices.

Market Highlights:
• Endoscopes' Revenue Share: The endoscopes segment is anticipated to generate the highest revenue in 2022. This is due to the high demand for minimally invasive surgeries, the frequent use of endoscopes, and their higher price relative to other equipment.
• Upper GI Endoscopy's Market Share: In terms of applications, upper gastrointestinal (GI) endoscopy is expected to dominate the market in 2022. Its effectiveness in diagnosing and treating conditions like ulcers and cancers contributes to its significant market share.
• Hospitals & Clinics' Market Leadership: The hospitals and clinics segment is forecasted to hold the largest share of the market in 2022. Factors driving this include the increasing prevalence of diseases requiring endoscopic procedures, availability of reimbursements, and the advanced infrastructure of hospitals.
• Asia-Pacific's Rapid Growth: The Asia-Pacific region is emerging as the fastest-growing market due to heightened awareness of early disease detection, increased healthcare spending, advancements in medical infrastructure, and a growing elderly population with chronic conditions.

Key Market Players:
The major players in the endoscopy equipment market include Boston Scientific Corporation (U.S.), Johnson & Johnson Services, Inc. (U.S.), Richard Wolf GmbH (Germany), FUJIFILM Holdings Corporation (Japan), Olympus Corporation (Japan), Stryker Corporation (U.S.), Medtronic Private Limited (Ireland), Nipro Corporation (Japan), MEDIVATORS B.V. (Germany), HOYA CORPORATION (Japan), and The Cooper Companies, Inc. (U.S.).

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